DUN AND BRADSTREET

Banks are not eager to give out money these days without an intensive background checking, as a business owner, if you desire to grow your business by getting a corporate credit, then it is necessary for you to maximize your chances of succeeding by showing that you are reliable, trustworthy and capable of paying back your debt on time.

If you have a Dun and Bradstreet profile, then getting a credit is a lot easier. To achieve this, the first thing to do is to get a D-U-N-S number. Dun and Bradstreet offers this service in two variants. If you are willing to pay a tax fee that ranges from $299 to $700, you will get the number the same day. If you are not in a hurry, you can get this service for free but the process takes about 60 days. Also, if you choose the free process, a new variant is given: an expedited process is available for $49 and you get your number in five days. Be advised that obtaining your D-U-N-S number faster does not speed up building your business credit, perhaps it's OK to apply and choose the free variant.

he other option is to directly create a Dun and Bradstreet credit profile. This is a package of two services. Your number and profile gets created at the same time. At the end of the day, if you opt for the free version, you get your number and your profile but for it to be activated, you still need to pay the $299 to $799 which you thought you saved if you were willing to wait for 60 days.

If you are unsure whether you have an active Dun and Bradstreet account, it's very easy to check. You can place an order online for a company profile report, it costs $12.99 and payment is charged only if you do have a profile. If you don't, your credit card won't be charged. Once it is confirmed that you have an active profile, you can get a copy of your credit report. This cost you $49.99 and it can be ordered online.

It feels good to have the free number, but it offers only a preliminary measure, because it can't be used for computing any kind of credit ratings or for making predictions. Next step in the process is to get a credit builder service. Only two of such services is available: DNB Credit Builder and DNB Credit Builder Plus.

If you are not interested in buying the credit builder report, you can persist on building corporate credit yourself, though representatives of Dun and Bradstreet may tell you that it is mandatory to contract one of this two credit build services.

The most important thing is to have an active profile, so as to obtain your credit report which will enable you to take the corporate credit you need for developing your business in a sound and lucrative may. Ideally you will want to get the credit builder if you seek funding. The cost D&B will quote you is $1599. or $159 per month but if you pay up front you can get this cut in half to like $700.